Sunday, May 17, 2020

Five Long Beach Island Real Estate Listing Agent Interview Suggestions

Five Long Beach Island Real Estate Listing Agent Interview Suggestions



Selling Long Beach Island Real Estate

Selling a home in the LBI real estate market is a significant financial transaction. With the average price of a home in the Long Beach Island real estate market, around $1,000,000, buyers and sellers in all price ranges need to make the best and most informed decision possible when selecting representation. There are five tips when choosing an LBI listing agent that can go a long way to ensuring that the agent you hire is the best choice possible.




Five Long Beach Island Real Estate Listing Agent Interview Suggestions

When selling a home int he Long Beach Island real estate market, above all else, make sure you interview multiple agents. Only by seeing different perspectives can you truly understand how your home fits in the market and make the best choice possible. If you have any questions about buyingselling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Tuesday, May 5, 2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/27/2020-5/3/2020

Long Beach Island Real Estate Weekly Sales Update LBI Real Estate Weekly Sales 4/27/2020-5/3/2020



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 4/27/2020-5/3/2020: There were a total 74 changes to the Long Beach Island real estate market this week. This now represents the third consecutive increase in weekly activity since the start of Coronavirus To help understand the dynamics of the LBI real estate market for buyerssellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
  • 13 new listings entered the market with an average price of $1,275,069
  • 11 listings went under contact with an average listing price of about $1,205,255
  • 15 properties sold on Long Beach Island with an average price of $1,051,167
  • 22 listings were either withdrawn of expired in the LBI real estate market
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com




Thursday, March 26, 2020

Long Beach Island Real Estate Sale Transactions in January and February

Long Beach Island Real Estate Sale Transactions in January and February




Long Beach Island Real Estate

As we come to the end of the first quarter of 2020 it is helpful to see how the market is doing thus far. January and February Sales in the LBI Real Estate Market can be a good indicator of transactions for the year however this year, we have a curve ball with the coronavirus. In a few days I will be publishing another post about the first quarter sales and I expect we will see some impact in the numbers however so far, things seem to be holding steady on Long Beach Island. Sales transactions can be summarized as follows:
  • There were 54 sold homes in January 2020 and 39 in February 2020
  • The average sale price in the LBI real estate market in 2020 was $1,119,937 for January and $941,987 in February
  • 2020 was on track to be one of the best starts to the year in the last half decade.




By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Wednesday, March 25, 2020

Why the LBI Real Estate Market Won’t Crash

Why the LBI Real Estate Market Won’t Crash



Long Beach Island Real Estate

It is hard today to stay calm in the face of updates, 10% swings in the stock market and talk of a national or global recession. The Great Recession of 2008-2009 or so is still relatively fresh in everyone’s minds and it is easy to understand why people are afraid. In these tumultuous times it is important to stay calm and look at the data. There are some significant differences between this time and 2008 that should help keep the national and local LBI real estate market stable.
  • Real estate in general is far more stable than it was leading up to 2008. Back then, mortgages were easy to obtain whereas today, lending is far more strict.
  • Inventory levels are very low
  • Equity levels are very high




Tuesday, March 17, 2020

LBI Real Estate Weekly Sales 3/9/2020-3/15/2020

LBI Real Estate Weekly Sales 3/9/2020-3/15/2020



Long Beach Island Real Estate

LBI Real Estate Weekly Sales Update 3/9/2020-3/15/2020: There were a total 92 changes to the Long Beach Island real estate market this week. To help understand the dynamics of the LBI real estate market for buyerssellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:
  • 22 new listings entered the market with an average price of $1,344,365
  • 14 listings went under contact with an average listing price of about $912,786
  • 9 properties sold on Long Beach Island with an average price of $1,137,000
  • 7 listings were either withdrawn of expired in the LBI real estate market



Thursday, March 5, 2020

Are Big Discounts Better Values in the LBI Real Estate Market?

Are Big Discounts Better Values in the LBI Real Estate Market?





Long Beach Island Real Estate

When looking to buy a home in the LBI real estate market, a buyer should always try to find the best deal possible. There are several ways to beat the LBI real estate market, but to find a good value, a buyer must first understand what determines value in the LBI real estate market. While negotiation is the tried and true way to “beat” the market, it also begs the question, Are Big Discounts Better Values in the LBI Real Estate Market? If a home drops considerably in price, buyers should make sure they are getting a good deal. For example:
  • Why was the home in question having a hard time selling?
  • Why was the seller willing to take a large discount?
  • Is the home in a good location and does it offer the opportunity to grow in value?




Monday, February 24, 2020

Long Beach Island Real Estate Days on Market

Long Beach Island Real Estate Days on Market




Long Beach Island Real Estate

When looking to sell a home in the Long Beach Island New Jersey real estate market, understanding how long a home takes to sell is a vital component of the transaction. While the reasons people sell a home on LBI vary, there is always some motivating factor. Whatever the motivation is, anticipating how long it may take to acquire the proceeds of the sale can go a long way towards short and long term planning. Below are some general statistics on timing in the LBI real estate market.
  • In 2019 the median days on market from listing to closing was 100 days
  • In the same year the average days on market were 161
  • 2019 represented the shortest length of time to sell a home in the past 5 years.